Public Sector Pension Investment Board Lowers Stock Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Public Sector Pension Investment Board reduced its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 3.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 190,661 shares of the company’s stock after selling 7,000 shares during the quarter. Public Sector Pension Investment Board owned 0.21% of The Hain Celestial Group worth $1,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HAIN. Allworth Financial LP grew its stake in The Hain Celestial Group by 433.5% during the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after acquiring an additional 2,423 shares in the last quarter. Signaturefd LLC increased its position in The Hain Celestial Group by 125.9% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $28,000 after purchasing an additional 2,226 shares during the period. nVerses Capital LLC raised its stake in The Hain Celestial Group by 161.1% in the second quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after buying an additional 2,900 shares in the last quarter. CWM LLC raised its position in shares of The Hain Celestial Group by 357.8% in the 2nd quarter. CWM LLC now owns 8,822 shares of the company’s stock worth $61,000 after acquiring an additional 6,895 shares in the last quarter. Finally, Choreo LLC bought a new stake in The Hain Celestial Group during the second quarter valued at about $71,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Trading Down 0.6 %

NASDAQ:HAIN opened at $8.23 on Friday. The company has a market capitalization of $742.26 million, a P/E ratio of -8.76 and a beta of 0.71. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. The Hain Celestial Group, Inc. has a 12 month low of $5.68 and a 12 month high of $11.68. The firm has a fifty day simple moving average of $8.33 and a 200-day simple moving average of $7.70.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The firm had revenue of $394.60 million for the quarter, compared to analyst estimates of $394.24 million. The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The business’s revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.04) EPS. On average, equities research analysts anticipate that The Hain Celestial Group, Inc. will post 0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HAIN has been the subject of several analyst reports. DA Davidson decreased their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Barclays decreased their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Stifel Nicolaus lifted their price target on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. Finally, Piper Sandler reiterated a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a report on Thursday, September 19th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $9.43.

About The Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.